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GOLD PRICES FLOWED IN NOVEMBER
With the Covid-19 outbreak throughout the year, increasing uncertainties in the global economy and expansive steps in monetary and financial policies brought records for gold prices. However, starting in November, gold prices followed a fluctuating course.
AA finance analyst Islam Memiş, who responded to the AA correspondent’s questions on the matter, claimed that the drop in the dollar / TL in the prices of the ounce of gold caused sharp falls in the prices of the grams of gold.
Memiş noted that he does not believe the declines are permanent for gold prices. Stating that November was a period when commodity prices generally depreciated, Memiş said: “The declines in November kept this tradition intact.” You can say that the vaccine news from Germany, the United States, China and Russia caused excitement in global markets. Stating that investors bought stocks by selling their gold and silver, Memiş said: “We have seen again after March that investors use precious metals such as gold and silver for cash in the Covid-19 process. Investors walking away of safe harbors turned to risky assets. “the assessment found.
Strategist Yeliz Karabulut participated in the broadcast on A Para and made assessments of gold prices. Karabulut said there has been a move recently with the expectation of incentives for gold prices, “an ounce of gold may face serious selling pressure below the $ 1800 level.”
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